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प्रश्न
Construct the cost of living Index number for 2015 on the basis of 2012 from the following data using family budget method.
| Commodity | Price | Weights | |
| 2012 | 2015 | ||
| Rice | 250 | 280 | 10 |
| Wheat | 70 | 85 | 5 |
| Corn | 150 | 170 | 6 |
| Oil | 25 | 35 | 4 |
| Dhal | 85 | 90 | 3 |
सारिणी
योग
उत्तर
| Commodity | Price | Weights (V) |
P = `"p"_1/"p"_0 xx 100` | PV | |
| 2012 (p0) |
2015 (p1) |
||||
| Rice | 250 | 280 | 10 | 112 | 1120 |
| Wheat | 70 | 85 | 5 | 121.43 | 607.15 |
| Corn | 150 | 170 | 6 | 113.33 | 679.98 |
| Oil | 25 | 35 | 4 | 140 | 560 |
| Dhal | 85 | 90 | 3 | 105.88 | 317.64 |
| Total | `sum"V"` = 28 | `sum"PV"` = 3284.77 | |||
Cost of living index number = `(sum"PV")/(sum"V")`
= `3284.77/28`
= 117.31
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संबंधित प्रश्न
Features of index numbers:
- It is useful in framing suitable economic policies.
- It is useful to present financial data in real terms
- Index numbers are statistical devices.
- Index numbers are specialized averages.
Construct Quantity index number from the given data:
| Commodity | A | B | C | D | E |
| Base year quantities | 170 | 150 | 100 | 195 | 205 |
| Current year quantities | 90 | 70 | 75 | 150 | 95 |
State the uses of Index Number
State the test of adequacy of index number
Explain factor reversal test
Discuss about Cost of Living Index Number
Calculate by a suitable method, the index number of price from the following data:
| Commodity | 2002 | 2012 | ||
| Price | Quantity | Price | Quantity | |
| A | 10 | 20 | 16 | 10 |
| B | 12 | 34 | 18 | 42 |
| C | 15 | 30 | 20 | 26 |
Assertion and reasoning question:
- Assertion (A): The index number considers all factors.
- Reasoning (R): The index number is based on samples.
Choose the correct pair.
| Group A | Group B |
| 1) Price Index | a) `(sump_1q_1)/(sump_0q_0)xx100` |
| 2) Value Index | b) `(sumq_1)/(sumq_0)xx100` |
| 3) Quantity Index | c) `(sump_1q_1)/(sump_0q_1)xx100` |
| 4) Paasche's Index | d) `(sump_1)/(sump_0)xx100` |
The base year's index of a selected variable is assumed as ______.
